Hex Trust to Launch Wrapped XRP to Expand XRP Utility

XRP is set to expand beyond its native blockchain as Hex Trust revealed plans to launch wrapped XRP (wXRP). Each token is backed 1:1 by native XRP and will run on Ethereum, Solana, and other networks. This move aims to give more people access to DeFi while keeping it secure and regulated.

How Wrapped XRP Works?

Wrapped XRP is a tokenized version of native XRP, with each wXRP fully backed by XRP held in segregated custody at Hex Trust. Authorized participants can mint or redeem tokens in a regulated system, ensuring the wXRP supply matches the XRP held.

🚀 HUGE news for the #XRP ecosystem! @Hex_Trust is launching and securing Wrapped XRP (wXRP), a 1:1-backed representation of native XRP, issued on @LayerZero_Core OFT Standard, to unlock #DeFi utility across multiple blockchains, starting with @Solana.

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— Hex Trust (@Hex_Trust) December 12, 2025

wXRP uses LayerZero’s Omnichain Fungible Token standard, letting it move across multiple blockchains such as Solana, Optimism, Ethereum, and HyperEVM. More chains will be added, expanding XRP’s reach in DeFi.

BREAKING: XRP is coming to Solana 🔥 pic.twitter.com/LabnKkLs71

— Solana (@solana) December 12, 2025

The project also reduces reliance on unregulated bridges, allowing users and institutions to transfer value safely across chains without counterparty risk.

Liquidity and Market Impact

At launch, wXRP will have over $100 million in Total Value Locked (TVL), ensuring liquidity for trading and DeFi from day one. Its connection with RLUSD allows more trading pairs and use across chains.

Market reaction has been modest. XRP has risen just over 1% in the last 24 hours, showing broader market trends rather than the effect of wXRP. Even big updates often take time to influence prices.

The focus is on gradual adoption and long-term benefits. Institutions and DeFi participants gain a regulated token suitable for swaps, liquidity provision, and yield strategies, which may progressively redefine XRP’s position in decentralized finance.

Strategic and Regulatory Considerations

Hex Trust highlights compliance as a core principle for wXRP. Every token is backed 1:1 by XRP stored under institutional custody, with AML checks, audits, and insurance. This allows users to operate in cross-chain DeFi safely and within a regulated framework.

The initiative supports Ripple’s RLUSD efforts, offering users a regulated way to manage positions across chains. Markus Infanger, SVP of RippleX, notes growing demand for XRP in the crypto space, and wXRP answers that demand.

The rollout also coincides with the XRPL v3.0.0 upgrade, which improves network stability and cross-chain features. Together, these moves make XRP easier to integrate into multi-chain DeFi while following regulations.

How Will It Affect XRP?

wXRP allows more people and institutions to participate in DeFi with a regulated, liquid, and flexible asset. By bridging XRP to Ethereum, Solana, and other networks, Hex Trust opens new opportunities for trading, providing liquidity, and earning yield. Short-term price changes may be small, but the main value of wXRP comes from its adoption and use.